8,990 Shares in Hut 8 Corp. $HUT Bought by Eschler Asset Management LLP

Eschler Asset Management LLP acquired a new position in shares of Hut 8 Corp. (NASDAQ:HUT) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,990 shares of the company’s stock, valued at approximately $413,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Hut 8 by 3.2% during the fourth quarter. Vanguard Group Inc. now owns 7,978,357 shares of the company’s stock worth $366,526,000 after acquiring an additional 250,320 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Hut 8 by 4,669,387.4% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 4,062,454 shares of the company’s stock worth $186,629,000 after acquiring an additional 4,062,367 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of Hut 8 by 20.3% during the third quarter. Ameriprise Financial Inc. now owns 2,991,466 shares of the company’s stock worth $104,133,000 after acquiring an additional 504,652 shares during the period. Geode Capital Management LLC raised its holdings in shares of Hut 8 by 3.2% during the fourth quarter. Geode Capital Management LLC now owns 2,593,916 shares of the company’s stock worth $119,181,000 after acquiring an additional 79,591 shares during the period. Finally, State Street Corp raised its holdings in shares of Hut 8 by 0.7% during the fourth quarter. State Street Corp now owns 2,476,020 shares of the company’s stock worth $113,748,000 after acquiring an additional 18,042 shares during the period. 31.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Amy Marie Wilkinson sold 20,000 shares of Hut 8 stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $100.78, for a total value of $2,015,600.00. Following the completion of the transaction, the director owned 262,136 shares of the company’s stock, valued at $26,418,066.08. This trade represents a 7.09% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Victor Semah sold 10,518 shares of Hut 8 stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $76.83, for a total transaction of $808,097.94. Following the completion of the transaction, the insider directly owned 41,378 shares of the company’s stock, valued at approximately $3,179,071.74. This trade represents a 20.27% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 64,505 shares of company stock valued at $6,479,788 in the last quarter. Company insiders own 10.40% of the company’s stock.

Analyst Upgrades and Downgrades

HUT has been the subject of a number of analyst reports. Jefferies Financial Group began coverage on shares of Hut 8 in a research report on Thursday, May 14th. They issued a “buy” rating and a $156.00 target price for the company. Rosenblatt Securities reiterated a “buy” rating and issued a $124.00 price target on shares of Hut 8 in a research note on Thursday. Weiss Ratings lowered shares of Hut 8 from a “sell (d+)” rating to a “sell (d-)” rating in a research note on Thursday, May 7th. BTIG Research lifted their price target on shares of Hut 8 from $90.00 to $115.00 and gave the company a “buy” rating in a research note on Wednesday, May 6th. Finally, Northland Securities set a $120.00 price target on shares of Hut 8 in a research note on Thursday, May 7th. Seventeen research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $107.72.

Hut 8 Stock Up 2.2%

Shares of HUT stock opened at $118.86 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.12. Hut 8 Corp. has a 1 year low of $15.26 and a 1 year high of $140.80. The firm’s fifty day moving average price is $92.90 and its two-hundred day moving average price is $65.62. The firm has a market capitalization of $13.38 billion, a P/E ratio of -39.62 and a beta of 4.61.

Hut 8 (NASDAQ:HUT) last announced its quarterly earnings data on Wednesday, May 6th. The company reported ($1.98) EPS for the quarter, missing analysts’ consensus estimates of ($0.33) by ($1.65). Hut 8 had a negative net margin of 109.77% and a negative return on equity of 0.35%. The firm had revenue of $139.31 million during the quarter, compared to the consensus estimate of $78.53 million. On average, equities analysts predict that Hut 8 Corp. will post -1.29 EPS for the current fiscal year.

Hut 8 Company Profile

Hut 8 Corp., trading on the Nasdaq under the symbol HUT, is a North American digital infrastructure company specializing in cryptocurrency mining and high‐performance computing. Founded in 2017 and headquartered in Toronto, Canada, Hut 8 operates purpose‐built data centers that house fleets of specialized ASIC and GPU servers. Through its flagship mining facilities in Alberta and Ontario, the company leverages low‐cost, low‐carbon power sources—such as hydroelectric and natural gas—to support sustainable bitcoin production.